- Sproutly Canada is committed to redefining the cannabis industry
- SRUTF’s ACMPR-licensed facility was built for the cultivation of pharmaceutical-grade cannabis
- The company is developing the Aqueous Phytorecovery Process
Based in Vancouver, British Columbia, Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) engages in developing and bringing to market consumer cannabis products, with an emphasis on beverages. The company’s primary mission is to become the foremost supplier of water-soluble cannabis solutions and bio-natural oils to the developing beverage and consumables market. Sproutly Canada’s ACMPR-licensed facility in Toronto, Ontario, was built to cultivate pharmaceutical-grade cannabis.
Fundamentally, Sproutly is combining advanced cannabis cultivation and transformational technologies to redefine the cannabis industry. Via its acquisition of Infusion Biosciences, the company is bringing to market a patent-pending technology called the Aqueous Phytorecovery Process (APP) (http://cnw.fm/X7Vuu). Sproutly is the exclusive licensee of Infusion’s APP technology for the recovery of naturally water-soluble phytochemicals (Infuz2O). Sproutly also owns exclusive rights to the technology in Canada, Australia, Jamaica, Israel and the European Union.
True natural-water solubility replaces traditional water-compatible solutions, improving the body’s ability to use cannabinoids. APP provides onset and offset times that mirror the same effect as inhaled marijuana. This process maintains stability without modifying cannabis compounds. APP technology is a highly scalable and low-cost recovery method. It yields desirable economics versus other extraction methods, which necessitate additional processing beyond extraction to produce consumable products (http://cnw.fm/L9kli).
Consumers are moving toward greater acceptance of cannabis. However, the trend is away from smoking the plant in favor of the consumption of cannabis products as drinks and oils. The National Post noted in a recent release (http://cnw.fm/8wTIa) that “in a second wave of recreational legalization, cannabis-infused food and drink will be lawful in Canada no later than October 17, 2019, and sales are projected to boom.” The potential Canadian cannabis beverage market is estimated to reach $4.4 billion by 2024, with the total Canadian cannabis market projected to top $8.7 billion that same year (http://cnw.fm/3AHrq).
Sproutly Canada is positioned to leverage this trend. The company’s plan is to capitalize on domestic and worldwide opportunities by executing on partnerships with local and internationally established consumer brands. The goal is to take advantage of the existing customer bases of these brands. In addition, the company will concentrate on expanding brand loyalty and assisting with marketing while supporting distribution networks.
In addition to Infusion Biosciences Inc., Sproutly Canada’s current brands include Toronto Herbal Remedies (“THR”). Under ACMPR, THR is a licensed producer. A biotechnology company, Infusion Biosciences focuses on discovering and commercializing unique, science-based cannabis technologies.
Recently, Sproutly Canada announced that THR was granted a processing license from Health Canada. This license permits THR to produce cannabis oil and related products (http://cnw.fm/eI9lh). Moreover, the license permits the company to conduct certain research and development activities, including the formulation of proprietary beverage products.
In a news release, Sproutly Canada CEO and Director Keith Dolo stated, “We are making steady progress towards achieving Sproutly’s mission of delivering a safe and consistent whole-plant experience from cannabis, with a lead position in the beverage market. The Processing License grant is a major milestone towards the path to commercializing our cannabis beverages and other edible products.”
With a production facility capable of producing up to 1,400 kilograms per year, Sproutly Canada is positioned to benefit from the trend toward cannabis drinks and oils. Sproutly remains centered on its mission of pursuing and developing innovative technologies for the production, processing and delivery of cannabis.
For more information, visit the company’s website at www.Sproutly.ca
NOTE TO INVESTORS: The latest news and updates relating to SRUTF are available in the company’s newsroom at http://cnw.fm/SRUTF
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